Starbucks same-store sales fall again
Starbucks reported its sixth consecutive quarter of same-store sales declines but said its turnaround efforts are gaining traction. CEO Brian Niccol, known for reviving Chipotle, emphasized growing momentum despite weak financial results. In Q3, net income dropped to $558 million from $1.05 billion a year ago, while global same-store sales fell 2%. However, U.S. performance beat expectations, with smaller sales declines and rising customer engagement. … Continue reading Starbucks same-store sales fall again
